Earlier this week Apple was adamant that it would close the iTunes Store if the Copyright Royalty Board raised the royalties paid to music publishers, rather than be forced into either accepting smaller margins on the music downloads it sells or be forced into hiking prices.
The way these things work, Apple pays something in the region of 70 cents on every dollar of music sold to the record labels concerned.
The record labels pay around 9 cents of this to the copyright holders of the music, the music publishers.
With me so far? Good. Trouble is, the National Music Publishers Association in...